Oil prices have surged to nearly $108 following attacks on Saudi energy infrastructure and tensions near the Strait of Hormuz, raising inflation and interest rate worries globally. This rise in oil costs increases transportation and production expenses, making it harder to control inflation and prompting expectations of further Federal Reserve rate hikes. As a result, Treasury yields have climbed, putting pressure on growth-sensitive tech stocks and Bitcoin, which now compete with safer government bonds offering higher returns. The key question remains whether oil prices will stay elevated long enough to sustain inflation and continue influencing these markets.
Bitcoin dropped nearly 2% to $81,723, leading a broad decline in the crypto market which saw total capitalization fall over 5% to $2.78 trillion. Ether, XRP, BNB, Solana, and Dogecoin also experienced significant losses, with NEAR Protocol falling ov...
The crypto market experienced a sharp selloff with $1.13 billion in leveraged positions liquidated within 24 hours, causing Bitcoin to fall 3.3% to about $80,550 and Ether to drop 5.7% to around $2,413. Long positions accounted for the majority of li...
Bitcoin surged back above $81,000 following U.S. President Donald Trump's statement ruling out military attacks on Iran before the November 3 midterm elections. Trump described ongoing talks with Iran as productive but maintained the U.S. blockade, k...
NEAR Protocol (NEAR) saw the steepest drop among major cryptocurrencies, falling 15.58% to $4.58 amid widespread market losses over 24 hours ending Oct. 8. Out of the top 90 cryptocurrencies by market cap, 67 declined while 23 advanced. Other notable...
Bitcoin historically performs well in October, with only three negative Octobers since 2013. Recent data shows a 40% increase in stablecoin inflows to Binance, totaling around $40 billion, indicating large holders preparing for market moves. Institut...
